Abstract
The oil and gas industry is viewed as controversial because of its adverse impacts on the environment. This study draws on legitimacy theory to analyze how CSR factors (including GRI compliance, EITI membership, and internal and external factors of gender diversity on the board and management team, and spending on social projects in the host sub-Saharan countries,) correlate with an increase or decrease in stock prices from 2006 – 2019.
Published Version
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